ENTREPRENEURSHIP IN EL SALVADOR

ENTREPRENEURSHIP IN EL SALVADOR.

BY: Jorge Alberto Rivas Montes.

What is an entrepreneurship?

“It is starting a business at your own risk after analyzing all opportunities and threats, is one who organizes a new business venture in the hopes of making a profit. Entrepreneurship is the process of being an entrepreneur, of gathering and allocating the resources financial, creative, managerial, or technological necessary for a new venture's success.”

The Entrepreneurial Mind, Jeffry Timmons, Harvard Business School 2010.

One entrepreneur person has a personality that is different from those of normal person, because they have creative solutions to difficult problems may make or break the young and growing business; the ability of an entrepreneur to find unique solutions could be the key to his or her success. Inside of one society the entrepreneurs project are playing a special widely participation because they are gaining involvement in the economic system as well as in the international market like a dynamic growing. Is important say that they are taking part in the Labor market like hiring people and this help to improve the economic situation in one country as a result entrepreneurship is a key driver of our economy.

The crucial of the Entrepreneur projects is that are growing slowly in our country, and this kind of project could be become a microenterprise, in El Salvador is easy to find people selling on the sidewalk, more women than men, because we can find many women working with a small business where they are heads of households. Entrepreneurs are the protagonists of economic growth and we cannot make a measurement about how many entrepreneurs are in our country. Nevertheless, is possible find foundation that is helping all kind of this project, like FONDEPRO and CONAMYPE. We can find some professional in our country that they want to get a job, but they do not want to create their own companies, in my own experience I can say that the problem is our culture because in every Salvadoran university there are just careers with a poor teaching about entrepreneur and that is the problem, an interesting note is that only low-income people are creating businesses and as people who have a university degree does not want to build their businesses. Nevertheless, we have seen many types with entrepreneurs’ projects; we will find this kind of type of projects in organization like FEPADE, FEDECACES and a few universities. A few universities have a program for build these projects but just like a school project is not like a real business.

Is important to build a business environment that promotes good ideas and this for entrepreneur mean: universities, organizations and local governments working together for entrepreneurship. However, in our environment, we will find two or more stages with different thought like the government, instead try to work with the private companies they do not agree with private companies, because there is not a good communication with each other. Currently Salvadorans that got a lifestyle in U.S have started with their own companies, and is so strange that the amount of Salvadoran are living in this country a high average founded their own company and why didn’t they create their companies here in our country? Is because our context has a lack of good manage for build a business environment.

Is fundamental identification the mains Problems of entrepreneurs in El Salvador, we will find common problems about money also in this case we can talk about the business performance in our country (government efforts to build a good place with opportunities), is lack of support by the government, if one person has a good idea she/he will need money, is true that in our country we have a organization for help this kind of project, nevertheless, they don’t give you money to create your idea and if they give you money, you need

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